Softchoice (TSE:SFTC) Rating Increased to Outperform at Scotiabank

Scotiabank upgraded shares of Softchoice (TSE:SFTC) from a sector perform rating to an outperform rating in a research report report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has C$24.00 price objective on the stock, up from their prior price objective of C$20.00.

A number of other equities analysts have also issued reports on the company. ATB Capital raised Softchoice from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$18.50 to C$23.00 in a report on Monday, August 12th. Royal Bank of Canada boosted their target price on Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Cormark increased their price target on Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.67.

Softchoice Price Performance

Shares of TSE:SFTC opened at C$21.59 on Tuesday. Softchoice has a 1-year low of C$14.40 and a 1-year high of C$22.46. The stock has a market cap of C$1.30 billion, a P/E ratio of 23.99 and a beta of -0.14. The firm has a fifty day moving average price of C$19.99 and a 200 day moving average price of C$18.53.

Softchoice Company Profile

Softchoice Corporation designs, procures, implements, and manages information technology (IT) solutions in Canada and the United States. The company offers cloud and data center solutions, such as data center and application modernization; collaboration and digital workplace solutions comprising secure access, and adoption and change management; IT asset management solutions, including software and hardware asset management solutions, and IT procurement services; network and security support solutions.